PUBLISHER: Grand View Research | PRODUCT CODE: 1493406
PUBLISHER: Grand View Research | PRODUCT CODE: 1493406
The global mass flow controller market size is anticipated to reach USD 3.50 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 13.3% from 2024 to 2030. The increasing consumption of packaged foods and beverages due to the rising working-class population is driving the demand for mass flow controllers (MFCs). According to the International Trade Center (ITC), the global beverage imports in 2022 increased by 22% from 2018 due to increased demand for beverages worldwide. Mass flow controllers are widely employed in the food and beverage industry to accurately measure and regulate the flow of liquids and gases. These controllers are pivotal in ensuring consistency and quality in food and beverage production processes. They are primarily used to regulate the flow of gases, such as nitrogen, carbon dioxide, and oxygen, and are used for packaging, bottling, and other processes. Additionally, they are utilized to measure the flow of liquids such as water and flavorings in beverage production. By precisely controlling the flow of these substances, mass flow controllers ensure that food and beverages are produced according to precise specifications, resulting in consistent taste, texture, and quality.
The COVID-19 pandemic significantly impacted the mass flow controller market. The widespread disruption to global supply chains and manufacturing operations affected the demand for mass flow controllers. Many manufacturers have had to scale back production or temporarily shut down their operations, leading to a decrease in demand for mass flow controllers in specific industries. However, the pandemic has also created new opportunities for using mass flow controllers in medical applications, such as ventilators and oxygen concentrators. Overall, the market had experienced a period of uncertainty but recovered as the world adjusted to the new normal and demand for mass flow controllers continued to grow.
Furthermore, the rising need for clean energy is driving the market. MFCs are crucial in the development and optimization of fuel cells. Fuel cells are electrochemical devices that convert chemical energy directly into electrical energy, and they are an environmentally friendly alternative to traditional power generation methods. In a typical fuel cell system, gases such as hydrogen and oxygen (or air) are supplied to the electrodes, and MFCs ensure a carefully controlled and balanced supply. This precision is essential for optimizing the electrochemical reactions that occur within the fuel cell.